Centrus Energy (LEU) - 440% Gain in 15 Months
This is a trade rationale from a past trade for educational purposes only. For access to our current portfolio subscribe today!
We added LEU to the portfolio in December 2019 at a price of $5.39. The stock met our valuation and market cap criteria, and was among the top 50 micro cap stocks outperforming the S&P 500 over the previous 12 months.
The stock bottomed in December 2018, and saw several weeks of high volume accumulation over a nearly 12-month consolidation. The stock broke above the resistance established by the first wave of accumulation in late 2019.
We removed the stock from the portfolio in March 2021 at a price of $29.10, for a gain of 440%, as it fell below our momentum cutoff.
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